Leading brokers name 3 ASX shares to buy today

Here's why brokers rate these ASX shares as buys…

| More on:
ASX shares Business man marking buy on board and underlining it

Image Source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares leading brokers have named as buys this week are listed below. Here's why they are bullish on them:

Jumbo Interactive Ltd (ASX: JIN)

According to a note out of Morgans, its analysts have retained their add rating and lifted their price target on this online lottery ticket seller's shares to $17.10. This follows the release of a full year result that was in line with the broker's expectations. Looking ahead, Morgans believes the Powered by Jumbo SaaS business is well placed for growth thanks to its significant global addressable market. The Jumbo share price is trading at $15.10 this afternoon.

NEXTDC Ltd (ASX: NXT)

A note out of Goldman Sachs reveals that its analysts have retained their conviction buy rating but trimmed their price target slightly on this data centre operator's shares to $14.40. Although NEXTDC fell a touch short of Goldman's revenue expectations, its earnings were slightly stronger than expected. It also notes that the company's guidance for FY 2022 was in line with its estimates when adjusted for higher power prices. All in all, Goldman remains positive and sees strong growth ahead for NEXTDC thanks to the migration to the cloud. The NEXTDC share price is fetching $12.76 on Monday.

Qantas Airways Limited (ASX: QAN)

Analysts at Citi have retained their buy rating and lifted their price target on this airline operator's shares to $5.93. This follows the release of the company's full year results last week. The broker notes that Qantas' guidance for FY 2022 implies market share gains. And while it acknowledges that there is a high level of COVID uncertainty, it highlights that Qantas is well-placed to meet pent-up demand when travel markets recover. The Qantas share price is trading at $5.02 this afternoon.

Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended Jumbo Interactive Limited. The Motley Fool Australia owns shares of and has recommended Jumbo Interactive Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Broker Notes

A woman is excited as she reads the latest rumour on her phone.
Broker Notes

These ASX 200 shares could rise 20% to 40%

Analysts think these shares could deliver big returns for investors.

Read more »

A corporate female wearing glasses looks intently at a virtual reality screen with shapes and lights representing Block shares going up today
Technology Shares

Experts name 4 top ASX artificial intelligence shares

E&P analysts nominate four ASX tech stocks likely to benefit from the AI boom.

Read more »

Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

Broker looking at the share price.
Broker Notes

Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys this week.

Read more »

A young man talks tech on his phone while looking at a laptop. A financial graph is superimposed across the image.
Broker Notes

Guess which ASX 200 share offers 12% upside and a 4% dividend yield

Bell Potter just slapped a buy rating on this stock.

Read more »

A man leaps from a stack of gold coins to the next, each one higher than the last.
Broker Notes

Qantas or Telstra share price: Which will climb higher in 2024?

Let's see what top broker Goldman Sachs has to say about these ASX blue-chip stocks.

Read more »

A woman smiles as she sits on the bus using her phone and listening to music through headphones.
Small Cap Shares

3 small-cap ASX shares with 'long runways for growth'

DNR's Sam Twidale reckons investors could do worse than buy these guys for the long run.

Read more »

Woman using laptop for job search
Investing Strategies

2 ASX 200 shares to buy for 'strong growth' at decent prices right now

Searching for a bargain? Here's a pair that Catapult's Dylan Evans has his eyes on at the moment.

Read more »